Hamed Abbasi of Plooto on Why Immigrants Make The Best Founders

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DATE POSTED
March 2, 2023
WRITTEN BY
Seeing life through fresh eyes is a trait that can get lost in today’s noisy world. When you bring a perspective of a beginner, not knowing what is impossible, you can sometimes transcend conventional wisdom and achieve greatness. Immigrants can bring a fresh perspective and couple it with a focused effort to succeed. Our guest today is Hamed Abbasi , Co-Founder and CEO of Plooto , who is both a successful serial founder and has survived the difficult and often underappreciated immigrant journey. About Hamed Abassi: Hamed Abassi is the Co-Founder and CEO of Plooto , a payments platform aimed at simplifying B2B payments. Prior to that he co-founded and was CEO of Vast Labs, a casual gaming company that was acquired in 2014. He started his career in the banking world. In this episode we discuss: (01:24) Hamed’s journey as an immigrant from Iran (05:12) Skills he had to learn as a newcomer to Canada (08:10) Moving from the world of banking to becoming a startup founder (11:15) Creating Flywheel dynamics in a startup scene (12:49) Starting Plooto (15:45) Pivoting from a Bitcoin platform (17:31) Plooto’s first financing round (19:10) Competing against well-established industries (22:59) Why Hamed wanted to compete in the crowded FinTech market (26:14) How and when to raise prices as a founder (29:12) Would they handle their price hike differently (30:10) The importance of data when gathering feedback (32:02) Why revenue is important to startups (33:47) Plooto’s success at venture fundraising (37:32) The prep that went into their fundraise (41:26) How the current financial climate is affecting their business Fast Favorites: 🎙- Favorite Podcast: Knowledge Project 📰- Favorite Newsletter /Blog: plooto.com/blog 📲- Favorite Tech Gadget: Kindle Scribe 📈- Favorite New Trend: Espresso Extraction 📚- Favorite Book: Full Castastrophe Living 🤔- Favorite Life Lesson: Nobody knows anything, and you need to experience things for yourself Follow Matt Cohen and Tank Talks here! Podcast production support provided by Agentbee.ai
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Hamed Abbasi of Plooto on Why Immigrants Make The Best Founders

No items found.
DATE POSTED
March 2, 2023
WRITTEN BY